An anonymous defendant has asked the New York State Supreme Court to dismiss a lawsuit seeking ownership rights over 39,069 long-inactive Bitcoin addresses, arguing that a Bitcoin address is merely a string of blockchain data and is not a legal entity that can be sued.
According to ChainCatcher, the case centers on a plaintiff’s attempt to apply New York lost-property rules to claim that long-dormant BTC constitutes abandoned, ownerless property and should be awarded through judicial action.
The report also cited an industry view highlighting a technical obstacle: even if a court were to rule in favor of the plaintiff’s ownership claim, the assets could remain effectively uncontrollable without the corresponding private keys, limiting the practical enforceability of any judgment.
Anonymous Holder Seeks Dismissal of New York Lawsuit Targeting 39,069 Dormant Bitcoin Addresses
2026-07-03 11:45:24
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